Northside Capital Management LLC Buys Shares of 2,400 NRG Energy, Inc. $NRG

Key Points

• Northside Capital Management LLC acquired a new stake in NRG Energy, purchasing 2,400 shares valued at approximately $385,000 during the second quarter.
• Several hedge funds significantly increased their stakes in NRG Energy, with Goldman Sachs hiking its holding by 468.4% and Amundi raising theirs by 772.5% in the first quarter.
• NRG Energy reported an earnings per share (EPS) of $1.68 for the last quarter, which was below analyst expectations of $1.72, despite a revenue of $6.74 billion that exceeded estimates.

Northside Capital Management LLC bought a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,400 shares of the utilities provider's stock, valued at approximately $385,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in NRG Energy by 468.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock valued at $454,173,000 after buying an additional 6,049,247 shares during the last quarter. Amundi lifted its stake in NRG Energy by 772.5% in the first quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock valued at $406,342,000 after buying an additional 3,876,235 shares during the last quarter. Boston Partners lifted its stake in NRG Energy by 169.5% in the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock valued at $269,230,000 after buying an additional 1,771,829 shares during the last quarter. Appaloosa LP lifted its stake in NRG Energy by 12.9% in the first quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider's stock valued at $195,693,000 after buying an additional 235,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in NRG Energy by 33.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider's stock valued at $141,388,000 after buying an additional 372,618 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

NYSE:NRG opened at $167.53 on Wednesday. The business's 50-day moving average price is $155.25 and its 200 day moving average price is $137.09. The firm has a market cap of $32.40 billion, a P/E ratio of 75.80, a PEG ratio of 1.40 and a beta of 1.17. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $175.96. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.NRG Energy's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.37 earnings per share. As a group, sell-side analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. NRG Energy's dividend payout ratio (DPR) is 79.64%.

Insider Buying and Selling at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the transaction, the vice president owned 48,571 shares in the company, valued at $7,528,505. This trade represents a 18.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NRG shares. Wall Street Zen cut NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays raised their price target on NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Melius Research began coverage on NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. BMO Capital Markets raised their price target on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Finally, Melius began coverage on NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, NRG Energy currently has an average rating of "Moderate Buy" and a consensus target price of $188.85.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.

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